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1856 Democracy Pt

4,228 SF 100% Leased Retail Building Colorado Springs, CO 80921 $5,244,639 CAD ($1,240 CAD/SF) 5.68% Cap Rate

Investment Highlights

  • Highly visible building with Interquest Parkway frontage.
  • Nearby Amenities Include: Scheels, Great Wolf Lodge Water Park, Main Event, Icon Cinema, hotels, restaurants and more.
  • Less than 1 mile from Interstate 25.

Executive Summary

NAI Affinity presents an exceptional investment: a brand new restaurant property in the bustling Victory Ridge mixed-use development in northern Colorado Springs. Ideally situated less than a mile from Interstate 25 with frontage on Interquest Parkway, this prime location ensures high visibility and easy access. The surrounding area boasts a dynamic mix of major retailers, large office complexes, entertainment venues, hotels, and numerous residential apartments, guaranteeing a diverse and steady customer base. Located on the vibrant Interquest Parkway corridor, known for its array of dining options, this property stands out with its inviting rooftop patio and outdoor seating areas,
designed to attract and retain patrons.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,228 SF
Building Class
B
Year Built
2023
Price
$5,244,639 CAD
Price Per SF
$1,240 CAD
Cap Rate
5.68%
NOI
$297,895 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Land Acres
0.71 AC
Parking
40 Spaces (9.46 Spaces per 1,000 SF Leased)
Frontage
553 ft on Democracy Point

Nearby Major Retailers

Dutch Bros
Bonchon
Noodles & Company
Torchy's Tacos
Fuzzy's Taco Shop
Mission BBQ
Shake Shack
Chase Bank
Starbucks
Chili's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
62204-02-015
Land Assessment
$250,733 CAD
Improvements Assessment
$35,526 CAD
Total Assessment
$286,259 CAD
  • Listing ID: 33885622

  • Date on Market: 2024-11-15

  • Last Updated:

  • Address: 1856 Democracy Pt, Colorado Springs, CO 80921

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